ChainCatcher reported that according to The Block, the FTX bankruptcy management team is auctioning 22.3 million locked Worldcoin (WLD) tokens at a significant discount, currently worth approximately $37.7 million. This auction is part of FTX's ongoing efforts to recover funds for creditors.
Interested buyers need to submit bids by 8 p.m. EST on Wednesday, and the discount may range from 40% to 75%. These WLD tokens will be unlocked daily until 2028.
This auction marks FTX's continued handling of its assets after the sale of Solana and Metaplex tokens. FTX Legacy currently holds approximately $594 million in assets, most of which are FTT tokens with poor liquidity. 🔗💰